They are about 2 years too late.
The rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually need to generate profit and not just show user growth to be attractive to investors.
The IPO will not go as spez dreamed for so long.
It would be such a pity if it turns out the protests caused him to miss the good window.
Time to fire up the protests again and shut down major subreddits again.
Honestly, why bother?
Management has been wanting to cash out for a decade.
The IPO will go ahead, the reddit of the days of yore is dead. It will not improve.
The horse is dead, beating it will just make you hot, sweaty and your arm sore.
No matter what you feel about the place it was never going to go any other way.
It’s like thinking one final shopping spree at Toys’R’Us would have stopped the hedge fund flunkies from siphoning every last cent out of the company.
They already made the decision. The data doesn’t matter (much like the Work From Home / Return To Office fight) and the decision has been made to squeeze profits until it is bled dry.
They never really cared how the userbase was going to feel about it.
A new protest and shutdown would be to get it into the media eye in a bad light. Not actually do anything of importance to the site.
After all, the 24 hour news cycle lives on scandals.
Well, if it brings you joy, fill your boots.
…beating it will just make you hot, sweaty and your arm sore.
( ͡° ͜ʖ ͡°)
The horse is dead, beating it will just make you hot, sweaty and your arm sore.
Are we really going to overlook the smell?
From the horse or the person swinging the stick?
(When people let their anger get the best of them they often, regrettably, start to resemble the focus of their anger.)
I give it 2 months before they axe or further cripple old.reddit prior to IPO, should give Lemmy another wave of new users.
Oh, not a good time to do that. I wonder if something forced their hand to do an IPO during an economic downturn.
Im sure content will just exponentially increase in quality once the only thing that is important is “stonks go up”.